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Calculating Indirect Rates for Nonprofits

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Gelman, Rosenberg & Freedman Audit Partner Bob Albrecht, CPA, addresses the importance of indirect cost rates for various areas of nonprofit management and how to calculate them. Topics include:

  • How to choose the right rate for your organization
  • Preparation of rates in accordance with OMB Circulars A-122, A-121 and A-87
  • Establishment and approval of rates by the US Government
  • Defining elements of cost

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When selecting an auditor, the Council on Social Work Education sought a firm that could bring the greatest technical expertise to our organization. I remember my first meeting with Terri McKnight. As a new Executive Director, I felt very confident that she and Gelman, Rosenberg & Freedman had a handle on the nonprofit industry and could help us make better financial decisions for our environment.

Dr. Julia Watkins |  Executive Director
Council on Social Work Education